Economics of Developing Countries

Catalog description

The goal of this course is to expand students' understanding of the economics of developing countries. We will address questions like: why do some countries grow quickly and others slowly? What factors prevent countries, households, and individuals from escaping the cycle of poverty? How do policymakers balance economic growth and environmental sustainability? Why don't financial markets work well in most developing countries, and do informal institutions fill the gap? How do we analyze the challenges facing small-scale farming households, and how do decisions by those households influence migration, labor markets, and the growth of industry? How do we evaluate policies and programs in order to understand what works for development? The approach in this course will be primarily microeconomic, although a basic understanding of macroeconomics is important for some topics. Emphasis will be on theory, real-world examples, and reading and interpreting research and policy papers.